Columbus-

Recent financial audits of the City of Beachwood and the Beachwood City School District by Auditor of State Dave Yost’s office have returned clean audit reports.  Their excellent record keeping has earned both the city and school district the Auditor of State Award with Distinction, presented by Auditor Yost at the Beachwood Chamber of Commerce luncheon.

“These awards are a testament to the Beachwood community,” Auditor Yost said.  “The taxpayers of Beachwood should take great pride in both their city and their schools and the high standards to which they hold them.”

The Auditor of State Award with Distinction is presented to local governments and school districts upon the completion of a financial audit. Entities that receive the award meet the following criteria of a “clean” audit report:

• The entity must file timely financial reports with the Auditor of State’s office in the form of a CAFR (Comprehensive Annual Financial Report);
• The audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, Single Audit findings or questioned costs;
• The entity’s management letter contains no comments related to:
  • Ethics referrals
  • Questioned costs less than $10,000
  • Lack of timely report submission
  • Reconciliation
  • Failure to obtain a timely Single Audit
  • Findings for recovery less than $100
  • Public meetings or public records

The Auditor of State’s office, one of five independently elected statewide offices in Ohio, is responsible for auditing more than 5,600 state and local government agencies. Under the direction of Auditor Dave Yost, the office also provides financial services to local governments, investigates and prevents fraud in public agencies and promotes transparency in government.